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The Future of Downtown San Diego Real Estate
Selection of condos available for sale in Downtown San Diego will continue to be tight. As of May 2019 about 3% of the total condo market is up for sale (roughly 340 for sale out of 10,750 total condos). One new high rise condo was completed in 2018 (Pacific Gate) and another new tower (Savina) will be completed in summer of this year. The next new condo building will be completed some time after 2022, as it has not started yet.
For sale inventory will begin to shrink as we get into the fall of 2019 as buyers run out of brand new condos to buy and current downtown owners will have resold their current condos as they move into the new building. The commercial development of the western waterfront will make the condos in the Columbia neighborhood more desirable. The California Association of Realtors is projecting average prices in the State to increase 3.1% in 2019, following a roughly 7.0 % increase in 2018. So much slower appreciation rates coming, usually if GDP is growing, prices are increasing. Downtown average prices were up only about 1% in 2018, hard to predict 2019, so many outside forces at play which can influence demand, but one thing is for sure, no more new inventory getting added after this year for several years.
Mortgage rates are trending up and the nations economy (GDP) and stock market are also trending up although erratically. Time will tell if the improving economy can create more housing demand than the rising interest rates can slow down.
Popular San Diego Neighborhoods
Newest Downtown San Diego Condos for Sale
Located in the heart of Downtown, this 1 BD/ 1 BA condo is a must-see! With an open floor plan and fantastic view, this unit is perfect for someone looking to enjoy the b...
- 1 Beds
- 1 Baths
- 190039608 MLS
- N/A Bldg.
- ACTIVE Status
Welcome to La Vita in Little Italy! Immaculate & heavily sought-after north facing residence comes w/ hardwood flooring, granite countertops & a balcony w/ views from Lit...
- 1 Beds
- 1 Baths
- 190039501 MLS
- La Vita Bldg.
- ACTIVE Status
Luxurious One Bedroom Den layout with high-end finishes & upgrades designed to appeal to discerning buyers. Gourmet Chefs kitchen w/ Sub-Zero refrigerator, stainless app...
- 1 Beds
- 1 Baths
- 190039473 MLS
- Sapphire Bldg.
- ACTIVE Status
CityFront 420 is a luxury condo in the city's most established development that feels like a 4 star resort with tons of natural light. Great location within walking dist...
- 2 Beds
- 2 Baths
- 190039443 MLS
- Cityfront Terrace Bldg.
- ACTIVE Status
Breathtaking panoramic views of Petco Park, Coronado bridge, the bay and city from this south west facing corner unit on the 21st floor. Enjoy the game/concert in the com...
- 2 Beds
- 2 Baths
- 190039425 MLS
- The Mark Bldg.
- ACTIVE Status
Floods of natural light & 18 ft vaulted ceilings enhance feeling of space in this beautiful loft home. Gleaming wood floors and neutral paint palette will be easily custo...
- 1 Beds
- 2 Baths
- 190039388 MLS
- Treo Bldg.
- ACTIVE Status
Stunning Downtown Penthouse w/approx. 1,200 s.f. wraparound deck that was made for Entertaining! This Retreat in the Sky occupies the ENTIRE top floor gallantly above the...
- 2 Beds
- 3 Baths
- 190039352 MLS
- Cortez Blu Bldg.
- ACTIVE Status
Move in Ready 971 sq ft 1 bedroom plus loft that has been enclosed w/sliding metal frame & frosted glass sliders to provide privacy to use as optional room/2nd bedroom....
- 1 Beds
- 2 Baths
- 190039347 MLS
- Aloft On Cortez Hill Bldg.
- ACTIVE Status
Awesome opportunity to live just one block away from Balboa Park. Located in the heart of Bankers Hill, beautiful open floor plan featuring laminate flooring and stainles...
- 1 Beds
- 1 Baths
- 190039278 MLS
- Laurel Bay Bldg.
- ACTIVE Status
Adorable, custom NEW construction unit on top floor of boutique building in the heart of Banker's Hill. Walk to Little Italy, close to Balboa Park, downtown, cruise ship...
- 2 Beds
- 2 Baths
- 190039245 MLS
- Bankers Hill Property Bldg.
- ACTIVE Status
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2019 San Diego MLS®,
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